NOT LISTED FOR SALE

215 S Soto St Los Angeles, CA 90033

Estimated Value: $926,000 - $992,000

4 Beds
3 Baths
2,865 Sq Ft
$330/Sq Ft Est. Value

Last Sold September 15, 2022

Last sale price $826,000 $288 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,005/month

15 Days on Market

Highlights

  • Laundry Room
  • 4-minute walk to Soto
  • No Heating
  • Felicitas and Gonzalo Mendez High Rated A-
  • Block Wall Fence
  • 1-Story Property

About This Home

As of September 2022

Remarkable value!!! Rare to find 2865 sq. ft. Tri-Plex with 6712 sq. ft. lot size in prime Boyle Heights location. This 3-unit apartment building offers two 1-bedroom, 1 bath units, and one 2-bedroom, 1 bath unit. All tenants are on month to month leases with large upside potential. Owner pays for water and trash. Excellent curb appeal with plenty of parking in front.Drive by only, please do not disturb tenants. Please see revised Addendum #1 (revised 7/12/22) in Documents.

Last Agent to Sell the Property

Pauline Ching

COMPASS License #01503721 Listed on: 07/07/2022

COMPASS

Co-Listed By

Monica Hsu

COMPASS License #01878067

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,670

Year Built

  • Built in 1922

Lot Details

  • 6,712 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • No Sprinklers

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 2,865 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Parking Available
  • Shared Driveway
  • Paved Parking
  • Uncovered Parking
  • Unassigned Parking

Additional Features

  • Exterior Lighting
  • Urban Location
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, telephone, gas
  • Tax Lot 4
  • Tax Tract Number 204
  • Assessor Parcel Number 5183010005

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $595
  • Water Sewer Expense $3,240
  • Operating Expense $5,953
  • Gross Income $24,588
  • Net Operating Income $18,635

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,670

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3240.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5183010005
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 244.33

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Concrete, Uncovered, Shared Driveway, Paved, On Site
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Urban, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6712.00
  • Lot Size Acres: 0.1541

Rental Info

  • Tenant Pays: Electricity, Telephone, Gas

Multi Family

  • Gross Income: 24588.00
  • Gross Scheduled Income: 24588.00
  • Insurance Expense: 595.00
  • Lot Size Area: 6712.0000 Square Feet
  • Net Operating Income: 18635.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 5953.00
  • Other Expense Description: property tax
  • Rent Control: Yes
  • Total Actual Rent: 24588.00
  • Total Expenses: 5953.00

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 204...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Jul 22, 2022
Sold by
Chan Living Trust
Bought by
Aje Family Revocable Living Trust
Seller's Agent
Pauline Ching
COMPASS
List Price
$700,000
Sold Price
$826,000
Premium/Discount to List
$126,000
18%
Current Estimated Value
$946,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,224
Avg. Annual Appreciation
3.55%
Original Mortgage
$578,200
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2007
Sold by
Chan Jimmy Y Y and Chan Katy Kuen
Bought by
Chan Jimmy Y Y
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aje Family Revocable Living Trust $826,000 --
Chan Jimmy Y Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aje Family Revocable Living Trust $578,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $826,000 0.0% $288 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
07/20/2022 07/20/22 Off Market $826,000 -- --
07/07/2022 07/07/22 For Sale $700,000 -- $244 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,670 $859,370 $495,230 $364,140
2024 $10,670 $842,520 $485,520 $357,000
2023 $10,470 $826,000 $476,000 $350,000
2022 $1,187 $54,219 $30,463 $23,756
2021 $1,158 $53,157 $29,866 $23,291
2019 $1,135 $51,582 $28,981 $22,601
2018 $1,026 $50,571 $28,413 $22,158
2016 $954 $48,609 $27,310 $21,299
2015 $945 $47,880 $26,900 $20,980
2014 $970 $46,944 $26,374 $20,570
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Pauline Ching

    COMPASS

    Section Image
  • Monica Hsu

    Seller Co-Listing Agent in 2022

    Monica Hsu

    COMPASS

    (626) 926-1385

    2 in this area

    110 Total Sales

    Monica Hsu
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-10328

Pasadena-Foothills Association of REALTORS®

APN: 5183-010-005

California Los Angeles County Los Angeles 90033

215 S Soto St, Los Angeles, CA

This home is located at 215 S Soto St, Los Angeles, CA 90033 since 07 July 2022 and is currently estimated at $946,224, approximately $330 per square foot. This property was built in 1922. 215 S Soto St is a home located in Los Angeles County with nearby schools including Breed Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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